In this paper we study marriage formation through a two-sided secretary problem approach. We consider individuals with nontransferable utility and two different dimensions of heterogeneity, a characteristic evaluated according to the idiosyncratic preferences of potential partners, and an...

In this paper we study marriage formation through a two-sided secretary problem approach. We consider individuals with nontransferable utility and two different dimensions of heterogeneity, a characteristic evaluated according to the idiosyncratic preferences of potential partners, and an...

Cooperative game theory is effective in explaining many economic interactions, such as risk-sharing agreements or the enforcing role of social norms. In a stochastic environ- ment, the analysis of these issues is generalised by taking into account the presence of shocks. The paper finds the...